Baidu teams up with PayPal to take its Chinese mobile wallet global

10 months

PayPal has continued its strategy of expanding its presence on mobile after it revealed a tie-up with Baidu. The arrangement will allow the Chinese firm’s 100 million mobile wallet users to make payments to PayPal’s 17 million merchants through the Baidu service.

“Important strategic partnerships are broadening the relevance of PayPal’s platform and increasing PayPal’s addressable market,” the firm said in a filing for its latest financial results.

For Baidu, the move represents a quick fire way to increase the competition with China’s leading mobile wallet companies, Alibaba’s Alipay (500 million users) and Tencent’s WeChat Pay (600 million users).